EIA Expectations: Crude -1.2M, Distillate -2.5M, Gasoline -1.5M
- Crude: -1.2M, prev. -0.913M (Private -4.5M)
- Distillate: -2.5M, prev. -3.122M (Private -4.6M)
- Gasoline: -1.5M, prev. -6.328M (Private -5.2M)
- Cushing: prev. -1.727M (Private +0.7M)
- Refining: prev. -2.4%
- Production: prev. 13.596M
Context
The EIA expectations show significant draws in crude oil, distillates, and gasoline stocks, with crude drawing down by 1.2 million barrels against a previous draw of 0.913 million. This aligns with a tighter supply outlook and may signal upward pressure on energy prices, particularly if factors such as geopolitical tensions continue to influence market dynamics. Watch for price reactions in WTI and Brent as these numbers could further impact inflation and energy-related sectors.
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